Lendinvest - my first loss?

PensionNs

Cra** St*** Sal****** SP1

Repayment was due in July 2018, all units that comprised the property have now been sold and about 17% of the capital remains unpaid.

The latest status re recovery is "We have received the proceeds from the sale of the final flat. We are now preparing to issue a statutory demand under the borrower’s personal guarantee in order to try and recover the remaining balance. We will keep investors up to date with any significant progress in respect of this."

Just to be clear, I am not complaining at all. If this turns out to be a capital loss, it will be the first that I've had at LendInvest, they have been mighty good at returning all capital and interest due over the many years that I have been an investor.

I was just wondering what people's thoughts were on the likelihood of a borrower's personal guarantee coughing up the remaining money?

Malthusian

Nobody here will have any more information than the platform. Standard procedure is to write the 17% off and treat any further return as a bonus.

You might get more commentary on p2pindependentforum.com.

If the developer was flush with cash in their own name to pay the personal guarantee with, they wouldn't be borrowing from P2P punters at high interest rates. But maybe they have a house or something the platform can make them sell, eventually.